2004 Annual
Performance Plan
Performance Plan
FDIC 2004 Annual Performance Plan 2
Chairman's Message
I am pleased to present the Federal Deposit Insurance Corporation’s (FDIC) 2004 Annual
Performance Plan. The FDIC is charged by Congress to contribute to the stability of and public
confidence in the nation’s financial system by insuring deposits, identifying and assessing
risks to the system, supervising financial institutions, resolving failing institutions, and
managing receiverships.
The Corporation has identified three major priorities for 2004:
• We will play a leadership role in federal banking and regulatory policy by regularly
disseminating high quality information and analysis on major issues and
recommending, where appropriate, statutory and regulatory policy changes. In
particular, the FDIC leads the Economic Growth and Regulatory Paperwork Reduction
Act (EGRPRA) project, an interagency initiative established to identify and eliminate
any regulatory requirements that are outdated, unnecessary or unduly burdensome
on the banking industry.
• We will fulfill our stewardship responsibilities for the Bank and Savings Association
insurance funds through effective supervisory and insurance programs that promptly
identify and address new and emerging risks to the funds, and through a receivership
management program that minimizes the cost to the funds of insured institution
failures.
• We will pursue increased operational efficiency and effectiveness by looking for news
ways to improve our internal management and work processes and to reduce our
ongoing operational costs. In particular, we will continue to focus on improving our
information security program and on addressing critical human capital issues in order
to maintain a high-performing workforce as many of our current employees move into
retirement over the next several years.
This document outlines specific 2004 performance targets and indicators for each of our
three major business lines. I invite you to read further about the FDIC’s planned initiatives for
2004.
Donald E. Powell
Chairman
Chairman's Message
I am pleased to present the Federal Deposit Insurance Corporation’s (FDIC) 2004 Annual
Performance Plan. The FDIC is charged by Congress to contribute to the stability of and public
confidence in the nation’s financial system by insuring deposits, identifying and assessing
risks to the system, supervising financial institutions, resolving failing institutions, and
managing receiverships.
The Corporation has identified three major priorities for 2004:
• We will play a leadership role in federal banking and regulatory policy by regularly
disseminating high quality information and analysis on major issues and
recommending, where appropriate, statutory and regulatory policy changes. In
particular, the FDIC leads the Economic Growth and Regulatory Paperwork Reduction
Act (EGRPRA) project, an interagency initiative established to identify and eliminate
any regulatory requirements that are outdated, unnecessary or unduly burdensome
on the banking industry.
• We will fulfill our stewardship responsibilities for the Bank and Savings Association
insurance funds through effective supervisory and insurance programs that promptly
identify and address new and emerging risks to the funds, and through a receivership
management program that minimizes the cost to the funds of insured institution
failures.
• We will pursue increased operational efficiency and effectiveness by looking for news
ways to improve our internal management and work processes and to reduce our
ongoing operational costs. In particular, we will continue to focus on improving our
information security program and on addressing critical human capital issues in order
to maintain a high-performing workforce as many of our current employees move into
retirement over the next several years.
This document outlines specific 2004 performance targets and indicators for each of our
three major business lines. I invite you to read further about the FDIC’s planned initiatives for
2004.
Donald E. Powell
Chairman